100% Real Estate Financing

[Alex Hamilton]

I was sure there was no such thing as 100% Real Estate Financing.  With the exception of  Veterans and Rural Development under USDA, can anyone suggest a place for 100% Financing of anything?

A Bigger Pockets Advertiser answered the questions of 100% financing for me.  However, I was asked to put 1% in Escrow on a Loan and that it would be returned to me at closing of the loan, which would be 100%, in that the 1% is returned at closing.  Is their really some way to finance a property 100% or is this Lender ( I will not name) I found on Bigger Pockets pulling my leg?

[Chris Mason]

Originally posted by @Alex Hamilton:

I was sure there was no such thing as 100% Real Estate Financing.  With the exception of  Veterans and Rural Development under USDA, can anyone suggest a place for 100% Financing of anything?

A Bigger Pockets Advertiser answered the questions of 100% financing for me.  However, I was asked to put 1% in Escrow on a Loan and that it would be returned to me at closing of the loan, which would be 100%, in that the 1% is returned at closing.  Is their really some way to finance a property 100% or is this Lender ( I will not name) I found on Bigger Pockets pulling my leg?

 Hey @Mindy Jensen, it appears someone is advertising on our platform is engaging in what is traditionally regarded as a red flag for scamming (HML promising unusually good terms/conditions, asking for a fee upfront). I obviously don't have all the info, but it may be something worth looking into.

Alex, would you mind privately sharing the details on that 1% upfront application fee with Mindy?